On January 1, 2023, Caroline Lampron and Jenni Meno formed a computer sales and service enterprise in Montreal by investing $102,600 cash. The new company, Sheffield Sales and Service, had the following transactions in January: 1. Paid $6,840 in advance for three months' rent of office, showroom, and repair space. 2. 3. 4. 5. Purchased 40 personal computers at a cost of $1,710 each, six graphics computers at a cost of $3,420 each, and 25 printers at a cost of $513 each, paying cash on delivery. Sales, repair, and office employees earned $14,364 in salaries during January, of which $3,420 was still payable at the end of January. Sold 30 personal computers for $2,907 each, four graphics computers for $5,130 each, and 15 printers for $855 each. Of the sales amounts, $85,500 was received in cash in January and $35,055 was sold on a deferred payment plan. Other operating expenses of $9,576 were incurred and paid for during January; $2,280 of incurred expenses were payable at January 31.